QUESTION $4(20$ MARKS$)$REQUIREDStudy the information provided below and prepare the Process Cost Report for Process $2$ using the weightedaverage method. The report must include the following:$4\mathrm{.}1$ Quantity statement $(6$ marks$)4\mathrm{.}2$ Cost statement $(8$ marks$)4\mathrm{.}3$ Cost allocation statement. $(6$ marks$)$INFORMATIONHemanti Ltd uses two processes to manufacture tables. The following details are applicable to Process $2$ forApril $2025$:Production details UnitsUnits of incomplete work $($opening$)$: $(100\%$ complete i$.$r$.$o$.$ materials; $70\%$ complete i$.$r$.$o$.$ conversion costs$)36000$Units received from the previous process $144000180000$Units completed and transferred $?$Units of incomplete work $($closing$)$: $(100\%$ complete i$.$r$.$o$.$ materials; $60\%$ complete i$.$r$.$o$.$ conversion costs$)72000$Details in connection with costs: RIncomplete work $($opening$)$: $576720$Costs of previous process $453600$Direct materials $79200$Conversion costs $43920$Costs incurred during April: $1238400$Transferred from previous process $813600$Direct materials $151200$Conversion costs $2736001815120$